ThunderCatSteve
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December 12, 2017, 11:23:39 AM |
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Panic situation when my coins are being dumped by market, it's really hard thing to hold my coins. When i get panic with such market condition, i usually sell my coins eventhough in the result i'm lost.
I guess we share the same habits every time that our coins are having a DUMP, of course as a holder, it is natural for us to panic and decide what is better to do, but I'm not that kind of holder which do panic selling, I'm also thinking about that, but I've realized that it is just normal for the Altcoins price to go down for a while, because I know that after this kind of drama, the will PUMP double to their last price. This is the same for everyone, when the market goes for pumps, we don't panic or get excited, but when the market goes for dumps, we all panic and we start panic sells which causes big loss for traders. We should avoid this by controlling our mind. Indeed, this is in human nature that when things go against your will and expectations, you do come under stress and pressure. Very few people are capable of staying as cool as cucumber under such circumstances. Majority are usually unable to stay positive so they take wrong decisions under such circumstances and panic selling is one of them. The only solution is to have good emotional control.
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Viscore
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December 12, 2017, 11:53:27 AM |
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I don't do often panic before in the past months but after btc has begun becoming uncontrollable then I decided to sell all of my altcoins to bitcoin with a great loss. I know that people that don't really panic must have been did what I did.
That's what traders do when bitcoin is pumping, they will sell their altcoins because altcoins will dump but when the price started to get stable they will still gonna buy buck their altcoins because it's expected that altcoins will rise when bitcoin will not. It's like people are just transferring their money from bitcoin to altcoins, so if you are not a long term holder then you should do that.
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Rono
Jr. Member
Offline
Activity: 294
Merit: 1
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December 12, 2017, 12:39:07 PM |
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I feel panic all the time.If Anyone Pls help me out And Guide About Bitcoin.It Will be great help for me
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ASICHEAD
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December 19, 2017, 10:32:15 PM |
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Panic situation when my coins are being dumped by market, it's really hard thing to hold my coins. When i get panic with such market condition, i usually sell my coins eventhough in the result i'm lost.
I guess we share the same habits every time that our coins are having a DUMP, of course as a holder, it is natural for us to panic and decide what is better to do, but I'm not that kind of holder which do panic selling, I'm also thinking about that, but I've realized that it is just normal for the Altcoins price to go down for a while, because I know that after this kind of drama, the will PUMP double to their last price. This is the same for everyone, when the market goes for pumps, we don't panic or get excited, but when the market goes for dumps, we all panic and we start panic sells which causes big loss for traders. We should avoid this by controlling our mind. Indeed, this is in human nature that when things go against your will and expectations, you do come under stress and pressure. Very few people are capable of staying as cool as cucumber under such circumstances. Majority are usually unable to stay positive so they take wrong decisions under such circumstances and panic selling is one of them. The only solution is to have good emotional control. For the smart people, they do not have this problem, but for the newbie and noob trader or speculator, this issue always happens for them. They can not control their emotion and easy get panic by the volatility of the market created by the whales.
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dimonstration
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December 19, 2017, 10:57:51 PM |
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Panic situation when my coins are being dumped by market, it's really hard thing to hold my coins. When i get panic with such market condition, i usually sell my coins eventhough in the result i'm lost.
I guess we share the same habits every time that our coins are having a DUMP, of course as a holder, it is natural for us to panic and decide what is better to do, but I'm not that kind of holder which do panic selling, I'm also thinking about that, but I've realized that it is just normal for the Altcoins price to go down for a while, because I know that after this kind of drama, the will PUMP double to their last price. This is the same for everyone, when the market goes for pumps, we don't panic or get excited, but when the market goes for dumps, we all panic and we start panic sells which causes big loss for traders. We should avoid this by controlling our mind. Indeed, this is in human nature that when things go against your will and expectations, you do come under stress and pressure. Very few people are capable of staying as cool as cucumber under such circumstances. Majority are usually unable to stay positive so they take wrong decisions under such circumstances and panic selling is one of them. The only solution is to have good emotional control. hard to make a way wherein you are able to stay calm but indeed this is really needed for cause we cant even know what are the movement is if there is no people that are going to panic for but this is not a joke cause the way on how people are able to panic is the way wherein they are not able to be more on how they can handle their emotion for.
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gabmen
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December 21, 2017, 06:35:40 AM |
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I don't do often panic before in the past months but after btc has begun becoming uncontrollable then I decided to sell all of my altcoins to bitcoin with a great loss. I know that people that don't really panic must have been did what I did.
That's what traders do when bitcoin is pumping, they will sell their altcoins because altcoins will dump but when the price started to get stable they will still gonna buy buck their altcoins because it's expected that altcoins will rise when bitcoin will not. It's like people are just transferring their money from bitcoin to altcoins, so if you are not a long term holder then you should do that. Well basing on how the alts performed and are performing, you probably are regretting selling your alts for btc since it went the other eay around. Though you may just have to hold for a little while more for btc to recover
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luckycoinn
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December 21, 2017, 08:13:49 AM |
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Before, I am a day trader and I got panic when the price go down below my buy price even in 15 minutes. But now I've learned that I don't need to view the chart whole day because it will make me panic. Just analyze, set buy price, and hold about 1 or 2 day. If the price still don't go up, just hold until you got your profit
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Jarx
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December 21, 2017, 10:25:56 AM |
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I am not panicking. I always keep my self calm and postive for me to not do oanic selling. I know that I can make more profit if I can control my slef and also my emotions.
True that. I also don't go panicking and just stay cool. There is no matter in running around and screaming, it changes nothing. If I stay coldblooded then I can find a solution of a problem.
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cryptojaani
Member
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Activity: 252
Merit: 71
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December 21, 2017, 10:34:47 AM |
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When it comes to panics, I just cut loss everything and regret by the next day i think it is basic and it is in the nature and every one gets panic when there is something wrong and you got any kind of a loss. Everyone panics at different scenarios, some may panic on downfall of the prices of their investments, some panic when they had hard times in family or any other office issues. I usually don’t get panic as soon like others because I know how to control my emotions so that my decisions are not affected while trading at the time of crisis. it is hard to control your emotions and i think the panic is natural.
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BingoDog
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December 21, 2017, 10:40:57 AM |
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I don't panic. Or better to say experinece thought me not to panic because thus you can only make things worse and make quick and unreasonable decisions that you might regret. The best thing is to stay calm and look at all options you have. That is why is good always to have more strategies and diversifid portofolio, then you always have some reserve position and possible choice. Sometimes is enough just to sleep over and see the situation next day in different perspective.
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malaj
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haster100
Member
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Activity: 154
Merit: 10
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December 21, 2017, 07:27:03 PM |
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I try not to do this! I take a deep breath and see to it that my heart does not beat too fast, otherwise I could make a bad decision.
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Granxis
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December 22, 2017, 03:44:14 PM |
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I don't panic. Or better to say experinece thought me not to panic because thus you can only make things worse and make quick and unreasonable decisions that you might regret. The best thing is to stay calm and look at all options you have. That is why is good always to have more strategies and diversifid portofolio, then you always have some reserve position and possible choice. Sometimes is enough just to sleep over and see the situation next day in different perspective.
Experienced traders are generally less panic,but there is absolutely no one who does not panic, sometimes trying to relax is even more panic, for example, fresh air is refreshing me right now. Do a short walk to relaxing.
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carles enck3
Newbie
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Activity: 74
Merit: 0
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December 22, 2017, 03:53:06 PM |
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I often experience panic at the time I am trading it is because the price of my trading coins change very drastically and sometimes I often can not control my mind.
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Gladiator25
Full Member
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Activity: 232
Merit: 113
★777Coin.com★ Fun BTC Casino!
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December 22, 2017, 04:03:15 PM |
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I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.
I also dont panic when altcoin drops. Because it literally goes up or recovery again. But for me, i will panic if bitcoin will go down for real. Because my investments will be lost.
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Shutup
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December 22, 2017, 04:10:30 PM |
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Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time. How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL? What makes you panic and how do you react to it?
I'm on Panic if the price of bitcoin is dump. Especially when l am in need l used to sold already because l need money for my kids. But now people panic on holding bitcoin because of the promising price in the future.
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qiwoman2
Legendary
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Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
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December 22, 2017, 04:28:32 PM |
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I AM not in panic mode am not selling anything right now. I will just keep holding and hope for the best. I might just try to swap a few coins and buy in some others let me see what to do over the next few days. Some people say this is just another correction but I call it a mini crash to be honest. I just wish I had more money to buy all the cheap coins but I don;t have any spare cash right now.
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playboy654
Member
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Activity: 546
Merit: 32
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December 22, 2017, 05:21:19 PM |
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I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.
I also dont panic when altcoin drops. Because it literally goes up or recovery again. But for me, i will panic if bitcoin will go down for real. Because my investments will be lost. When the price of bitcoin become fall down there is some fear on the investors on that time they decided to sell their bitcoins or other currencies on that time just hold on it's price become normal . It is the way for the investors.
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THAHIRHAJI
Member
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Activity: 112
Merit: 10
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December 22, 2017, 06:31:33 PM |
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When ever I need money very badly that moment the prices are down and I have no option to wait to recover that time I for sure panic. Unfortunately I face this lot of time and I met with lot of losses also so from that experience I use to book the profit first no mater the market it positive or negative.
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habibsir
Copper Member
Newbie
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Activity: 1050
Merit: 0
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December 22, 2017, 06:50:33 PM |
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no panic about real coin like bitcoin
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dimonstration
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December 22, 2017, 06:59:45 PM |
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I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.
I also dont panic when altcoin drops. Because it literally goes up or recovery again. But for me, i will panic if bitcoin will go down for real. Because my investments will be lost. panicking may experience for the person that was new in trading this is what i observe only cause we all know that if you may dont know the movement of the market you may take some panic when there is some drops but if you may know the market you may dont feel any nervous when there is some drops on it.
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